DAILY AGRI REPORT 28TH JANUARY 2013

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 HEADLINES
Soybean, rapeseed down on profit-taking, global cues. Indian soybean and rapeseed futures fell on profit-taking, driven by losses in overseas markets, though a weak rupee limited the downside. Soyoil futures nudged higher, supported by an upward revision in the base import price of crude palm oil. US soybean futures lost more ground, falling to a near oneweek low on forecasts of rains in Argentina's crop belt.

Trading tip:

Chilli, Jeera prices decline on subdued demand. Red chilli and jeera prices fell by Rs 200 per quintal in the national capital on subdued demand from retailers and stockists amid adequate stocks. Weakening trend in futures market and hopes of a greater area under cultivation and higher output also put pressure on the select spice prices. Red chilli prices fell by Rs 200 to Rs 6,700-11,800 per quintal on reports of higher output estimated in the current year.

Sell Jeera Mar Below 13420 TGTS-13300/13100 SL- 13520

Buy Chana Apr Above 3630 TGTS-3670/3710 SL-3600

STOCK CHANA RM SEED SOYABEAN JEERA

EXPERT OPINION
S1 3,571 3,423 3,212 13300 S2 3,521 3,371 3,154 13120 R1 3,666 3,523 3,298 13600 R2 3,723 3,598 3,361 13800

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA PRODUCT CHILLI NAME Chana GUR Chilli JEERA Gur KAPAS Jeera PEPPER REFKapas SOYA Pepper SOY BEAN Ref Soya TURMERIC Oil Soy Bean WHEAT Turmeric Wheat New

7/19/2012 EXP DATE 7/19/2012 19-Apr-13 7/19/2012 20-Mar-13 7/19/2012 20-Mar-13 7/19/2012 20-Mar-13 7/19/2012 28-Feb-13 7/19/2012 20-Feb-13 7/19/2012 20-Feb-13 7/19/2012 20-Feb-13 7/19/2012 19-Apr-13 20-Feb-13

4556

DAILY MARKET STATISTICS

4573 4525 4560 HIGH 5060 3629 1188 6864 14960 1102.5 1053 13610 42555 860 783.6 38380 4330 730.5 4676 3266 1282 6298 1550 LOW 5018 3582 1178 6712 14650 1094 1035 13405 42250 850 777.4 37765 4265.5 720.5 4518 3227 1251 6178 1530 CLOSE 5120 3595 1183.5 6816 15052.5 1103 1049 13605 42390 854.5 782.85 37795 4303 725.25 4664 3271 1246 6268 1550

4532 LTP 5018 3627 1178

-28 CHANGE -102 32 -5.5 -42 -252.5 -2 -8 -185 45 5.5 -1.55 405 12 4.35 -124 -16.5 36 -68 -5

-0.61 PERCENTAGE -1.99 CHANGE 0.89 -0.46 -0.62 -1.68 -0.18 -0.76 -1.36 0.11 0.64 -0.2 1.07 0.28 0.6 -2.66 -0.5 2.89 -1.08 -0.32

OPEN 5060 3607 1188 6830 14955 1101 1044 13600 42300 850 780.5 37805 4309 722.1 4600 3266 1251 6274 1550

6774 14800 1101 1041 13420 42435 860 781.3 38200 4315 729.6 4540 3254.5 1282 6200 1545

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 DAILY SOYABEAN CHART

ANALYSIS
OPEN: 3266 HIGH: 3266 LOW: 3227 CLOSE: 3254

SOYABEAN LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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 DAILY CHANA CHART

ANALYSIS
OPEN: 3610 HIGH: 3629 LOW: 3582 CLOSE: 3527

CHANA LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS

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